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Wednesday, Jan 31, 2018
HomeTeam Inspection Service Ranked As Top Franchise in Entrepreneur’s Annual Franchise 500®
Milford, Ohio January 11, 2018 – HomeTeam Inspection Service was recently ranked as a top franchise concept in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry.
Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks HomeTeam Inspection Service as #126 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“This was the first year that HomeTeam has submitted an application into the Franchise 500 in many years, so we’re very pleased that we ranked so highly,” says Adam Long, President of HomeTeam. “We know that our franchisee satisfaction rate is extremely high, but it is good to see the brand recognized for other distinct factors as well.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“The Franchise 500 is always evolving, as we continually seek to best understand and evaluate the franchise marketplace,” says Jason Feifer, editor in chief of Entrepreneur. “We spent months gathering and analyzing data in order to produce this year’s list, and with over 1,000 franchises applying for the first time in 25 years, this may have been our most competitive ranking ever.”
Over its 39 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. HomeTeam Inspection Service’s position on the ranking is a testament to its strength as a franchise opportunity.
“It’s great to have external validation for our concept. HomeTeam is so unique in the industry that we don’t get compared often with other home inspection franchise concepts.
The Franchise 500® does an excellent job of evaluating each concept on key indicators, while providing prospective business owners with more information so that they can do their own due diligence,” says Matt Cook, Franchise Sales Manager for HomeTeam.
To view HomeTeam Inspection Service in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February issue of Entrepreneur magazine, available on newsstands January 16th.
For more than 25 years, HomeTeam has taken great pride in being the most unique concept in the home inspection industry. HomeTeam brings a TEAM of inspectors on site, providing a faster, more accurate home inspection. Fast, Trusted and Accurate. That’s the HomeTeam Promise.